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G7 energy ministers to discuss soaring prices amid Iran war

G7 energy ministers will discuss soaring energy prices due to the war in Iran on a call on Tuesday while a group of European Union leaders will do so later in the day, officials said. Oil prices surged to their highest levels since mid‑2022 on Monday propelled by fears of Gulf output cuts and disrupted tanker traffic. G7 finance ministers said on Monday they were prepared to implement "necessary measures" in response to the price surge but stopped short of committing to coordinated emergency releases of reserves. Even before the Iran crisis, European energy prices typically sat higher than those in the US and China. European Commission chief Ursula von der Leyen has promised to propose measures to tackle the issue at an EU summit next week. Read: Iran says oil blockade will continue until attacks end, Trump threatens to hit harder Tuesday's G7 call is scheduled for 1245 GMT. French Finance Minister Roland Lescure, whose country holds the G7 presidency this year, said ther...
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Trump tells Britain he does not need its help to win Iran war

United States President Donald Trump said on Saturday Britain was giving "serious thought" to sending two aircraft carriers to the Middle East, but added that the US does not need them to win the war with Iran, in the latest clash between the military allies. Trump has repeatedly criticised British Prime Minister Keir Starmer, suggesting this week that he helped "ruin" the countries' historically close relationship after London blocked initial US use ‌of British bases to attack Iran. In a post on Truth Social, Trump said he "will remember" the lack of British support during the conflict with Iran. "The United Kingdom, our once Great Ally, maybe the Greatest of them all, is finally giving serious thought to sending two aircraft carriers to the Middle East," Trump wrote. He added, "That’s OK, Prime Minister Starmer, we don’t need them any longer — But we will remember. We don’t need people that join Wars after we’ve already won!" Read: Trump says 'sad to see' US-UK relationship is not what it was The social media post comes after Britain's defence ministry said on Saturday it was preparing the Prince of Wales aircraft carrier for possible deployment. But no final decision has been taken about whether to send it to the Middle East, a British official said. Starmer defends stance on bases Starmer has defended his decision not to allow US forces to use British bases to support initial strikes on Iran, saying he needed to be satisfied that any military action was legal and well planned. He later permitted US forces to use British bases for what he called defensive strikes against Iranian missiles in storage depots or launchers. Read More: Britain's Starmer seeks fresh economic start with China Asked about Trump's comments, British foreign minister Yvette Cooper told Sky News on Sunday: "The thing I've learned doing this job is that you have to focus on substance and not on social media posts." "We're not going to do things in terms of rhetoric or hyperbole. We're going to do things on really practical, calm, steady decision-making. Because I think that actually the British character more widely is to do things in a serious and steady way." Starmer earlier this year criticised Trump's desire to buy Greenland and said his comments that European troops avoided frontline combat in the war in Afghanistan were "frankly appalling."

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